Israel’s defence exports surged to a record-breaking $14.7 billion in 2024, marking a fourth consecutive year of growth, the country’s defence ministry announced on Wednesday. The increase comes despite mounting global criticism over its ongoing war against Hamas in Gaza.
According to the ministry, more than half (56.8%) of the signed agreements were “mega-deals” valued at $100 million or more. The ministry attributed the rising demand for Israeli military technology to its “operational achievements” during the Gaza conflict, which it said showcased the effectiveness of its systems on the battlefield.
Since the war broke out following Hamas’s surprise attack on October 7, 2023, Israel’s defence sector has operated in “emergency mode,” balancing international supply contracts with the round-the-clock needs of its military forces.
“The war’s operational achievements and the proven battlefield performance of Israeli systems have driven strong international demand,” the ministry said.
Missiles, rockets, and air defence systems made up a significant portion of the exports, accounting for 48% of total sales, up from 36% in 2023. Exports of satellite and space systems also saw notable growth, jumping from 2% to 8% year-on-year.
While European countries accounted for over half of the total sales, deals with Arab Gulf nations that normalised relations with Israel under the 2020 Abraham Accords — notably the United Arab Emirates, Bahrain, and Morocco — rose sharply from 3% in 2023 to 12% this year.
“Precisely during a difficult and complex year of war, Israel has broken an all-time record in defence exports,” said Defence Minister Israel Katz. “The world sees Israeli strength and seeks to be a partner in it.”
The ministry’s report highlights how conflict and perceived military prowess continue to fuel the global arms trade, even amid ongoing diplomatic tensions and humanitarian concerns related to the conflict in Gaza.